[ANN][CAGE] CAGECOIN REVIVAL: New difficulty algorithm, network moving again!

[Tony116]

down again?

[BARR_Official]

down again?

Coinmarketcap says it's up 193%

[almightyruler]

Proof?

OK go to bleutrade and see the buy order for 1 billion Cagecoin.

It will now change from .0015 DOGE to .00149 DOGE.

Also, go to a NXT block explorer and see that there is almost $5000 in buy orders for BARR.
So anybody who burns their CAGE and gets BARR will be able to sell it immediately for NXT.

https://mynxt.info/asset/7823929696462256005

I don't see why this needs to be so complicated, just post a screen cap of your trades showing that you have purchased CAGE...

[BARR_Official]

Proof?

OK go to bleutrade and see the buy order for 1 billion Cagecoin.

It will now change from .0015 DOGE to .00149 DOGE.

Also, go to a NXT block explorer and see that there is almost $5000 in buy orders for BARR.
So anybody who burns their CAGE and gets BARR will be able to sell it immediately for NXT.

https://mynxt.info/asset/7823929696462256005

I don't see why this needs to be so complicated, just post a screen cap of your trades showing that you have purchased CAGE...

I proved that it's my order.  Screencaps can be faked, but Bleutrade's orderbook can't be faked unless I'm in charge of Bleutrade.

So it's not complicated at all, for any reasonable person.  Everything I have said is easy for anyone to see and verify themselves.

Who else do you think is buying CAGE?  Some person who doesn't know about Bitcointalk, or BARR, but they somehow found Bleutrade and just decided to spend thousands of dollars on CAGE, coincidentally right at the same time that BARR announced a swap for CAGE?

Now, BARR is the only thing going on with CAGE right now.  You haven't posted here in over a month, and when you did show up all you've posted is 3 unnecessary demands for "proof" of what we're doing.  I've given you 3 good answers, so if you want to help Cagecoin then you are welcome to participate in and/or promote the BARR burn redemption process. 

Or, if you're doing something else for Cagecoin that we don't know about, then you could post some proof of it.  But if you were doing anything, we wouldn't need proof because it would already be obvious.  Just like BARR's effects on Cagecoin are already obvious to anyone who's seen Bleutrade, Cryptopia, Coinmarketcap, or the Cagecoin network.

[almightyruler]

I don't see why this needs to be so complicated, just post a screen cap of your trades showing that you have purchased CAGE...

I proved that it's my order.  Screencaps can be faked, but Bleutrade's orderbook can't be faked unless I'm in charge of Bleutrade.

So it's not complicated at all, for any reasonable person.  Everything I have said is easy for anyone to see and verify themselves.

Who else do you think is buying CAGE?  Some person who doesn't know about Bitcointalk, or BARR, but they somehow found Bleutrade and just decided to spend thousands of dollars on CAGE, coincidentally right at the same time that BARR announced a swap for CAGE?

Now, BARR is the only thing going on with CAGE right now.  You haven't posted here in over a month, and when you did show up all you've posted is 3 unnecessary demands for "proof" of what we're doing.  I've given you 3 good answers, so if you want to help Cagecoin then you are welcome to participate in and/or promote the BARR burn redemption process.  

Or, if you're doing something else for Cagecoin that we don't know about, then you could post some proof of it.  But if you were doing anything, we wouldn't need proof because it would already be obvious.  Just like BARR's effects on Cagecoin are already obvious to anyone who's seen Bleutrade, Cryptopia, Coinmarketcap, or the Cagecoin network.

Like I said, I'm interested in your concept, but I don't think it's unreasonable to be a little sceptical about it. There is no need to attack me - I simply asked for proof of your vague claims.

I'll pose this question to you: if everyone is busy dumping CAGE to burn it for BARR, why has there only been 31m CAGE/47k DOGE traded on bleu in the past 24 hours? That's less than $10 worth. That figure also includes both buys and sells.

[BARR_Official]

You're right, it could be some kind of scam to take credit for other people's buy orders.  Good thinking.

Anyway, there's a site called Coinmarketcap.com, and it says $48 volume today. 

http://coinmarketcap.com/currencies/cagecoin/#markets


And then they have other charts:

http://coinmarketcap.com/currencies/cagecoin/#charts


According to those charts, it looks like there has been good volume since the beginning of September.

And then, before September, it looks like CAGE had an average daily volume somewhere between $0.00 and $1.00 per day, for the past 2 years.

But Coinmarketcap doesn't have any screenshots of those trades, so take it for what it's worth.

[Obscurium]

Are you giving a bounty for thread translation?
Cheers!

[CryptoDatabase]

You're right, it could be some kind of scam to take credit for other people's buy orders.  Good thinking.

Anyway, there's a site called Coinmarketcap.com, and it says $48 volume today.  

http://coinmarketcap.com/currencies/cagecoin/#markets


And then they have other charts:

http://coinmarketcap.com/currencies/cagecoin/#charts


According to those charts, it looks like there has been good volume since the beginning of September.

And then, before September, it looks like CAGE had an average daily volume somewhere between $0.00 and $1.00 per day, for the past 2 years.

But Coinmarketcap doesn't have any screenshots of those trades, so take it for what it's worth.

Some people just have hard times believing anything unless it pops out and slaps them. Don't worry about the naysayers.

Just from your last few posts here I can guess that the purpose of BARR is to remove coins from the market and narrow down the available options to trade coins. Not only would this consolidate what coins are traded for but it will also increase the value of all other coins at the same time by removing coins from the market. By using one currency to do it to another it would increase the worth of that coin as well.

However, I don't agree with this method as it is a hostile takeover with the purpose of killing coins in order to raise the worth of others.

Please correct me if I am wrong.

[BARR_Official]

Some people just have hard times believing anything unless it pops out and slaps them. Don't worry about the naysayers.

Just from your last few posts here I can guess that the purpose of BARR is to remove coins from the market and narrow down the available options to trade coins. Not only would this consolidate what coins are traded for but it will also increase the value of all other coins at the same time by removing coins from the market. By using one currency to do it to another it would increase the worth of that coin as well.

Exactly.

However, I don't agree with this method as it is a hostile takeover with the purpose of killing coins in order to raise the worth of others.

Please correct me if I am wrong.

Most holders are only waiting for a chance to get rid of the bag they're stuck holding.  They regret ever investing in altcoins, because these altcoins have no future.

I don't think we do hostile takeovers at all, because we pay people for their coins.  And we pay more than anyone else is willing to pay.  Best of all, if they don't want to sell or burn their coins, they can keep them and everything goes exactly like it was before.  If their coin is going to survive, nothing we do can stop it.  Even if we burn 99% of all the coins, the remaining coins work exactly the same as they worked before.  If PoW rewards are still coming in, we could burn 100% of the coin supply and miners could just keep selling every day.

So a good coin can only benefit from the reduction in supply.  But most of the coins we've burned go right back to being half-dead, even with the supply reduced so much that the price should skyrocket.  But it doesn't skyrocket, because there are too many coins and not enough buyers.

[CryptoDatabase]

Some people just have hard times believing anything unless it pops out and slaps them. Don't worry about the naysayers.

Just from your last few posts here I can guess that the purpose of BARR is to remove coins from the market and narrow down the available options to trade coins. Not only would this consolidate what coins are traded for but it will also increase the value of all other coins at the same time by removing coins from the market. By using one currency to do it to another it would increase the worth of that coin as well.

Exactly.

However, I don't agree with this method as it is a hostile takeover with the purpose of killing coins in order to raise the worth of others.

Please correct me if I am wrong.

Most holders are only waiting for a chance to get rid of the bag they're stuck holding.  They regret ever investing in altcoins, because these altcoins have no future.

I don't think we do hostile takeovers at all, because we pay people for their coins.  And we pay more than anyone else is willing to pay.  Best of all, if they don't want to sell or burn their coins, they can keep them and everything goes exactly like it was before.  If their coin is going to survive, nothing we do can stop it.  Even if we burn 99% of all the coins, the remaining coins work exactly the same as they worked before.  If PoW rewards are still coming in, we could burn 100% of the coin supply and miners could just keep selling every day.

So a good coin can only benefit from the reduction in supply.  But most of the coins we've burned go right back to being half-dead, even with the supply reduced so much that the price should skyrocket.  But it doesn't skyrocket, because there are too many coins and not enough buyers.

I understand. What I meant by hostile is in reference to the possibility to revive the coin after.

If those that have the biggest stake in a coin no longer have that stake then they would no longer be interested in the project itself which wouldn't be a positive effect in the long run.

I'll use you in an example, lets say that you buy $5,000 worth of HTML5coin and just hold it but the coin is slowly dying. It would be in your best interest financially to insure that your investment isn't wasted so you would try to do everything in your power to prevent this.

But, I come along and offer you a way out that you take without hesitation. That would mean the project has just lost part of its chances for success as you would no longer be interested in seeing the project succeed.

Overall it would effectively destroy support for the project person by person until only those who can't really afford to help the project along are left which would be the final death of the coin. This is why the coins you have done this to in the past revert back to the way they were. The support they did have is now gone.

[BARR_Official]

Yeah, and a lot of coins depend on 1 person.  But that 1 person will eventually quit no matter what happens.  If he sells his bags, if he swaps to BARR, if he dies, or if he spends the next 10 years dedicated to Biebercoin before he finally gets sick of losing money - the coin will die, one way or another.

As for killing coins to raise the worth of others, it's more than that.  We do want to decrease the overall number of altcoins, but we're preserving the value of the coins we absorb.  So we're not exactly killing them.  Since BARR only comes from burning altcoins, the value of BARR comes from the value of those altcoins.  If you mined Cagecoin for 2 years with a GPU, and then you burn those coins to get BARR, then your GPU earned that BARR for you.  All the work you did (and Proof of Work) survives, because you're basically moving those coins to a new blockchain.

And it's not just to elevate some coins over others - we want to decrease the number of coins so the crypto markets can just survive.  There are only so many people who will put money into crypto, and their money is limited.  When an altcoin dies, that money is destroyed.  It literally destroys capital and takes it out of the crypto ecosystem.  Crypto cannot continue like this, because the money gets spread paper-thin, and then the money just slowly loses its value down to nothing.  It would be like the stock market crashing every month - people would lose their houses, businesses would go under, and the economy would collapse.

 If there were no altcoins, Bitcoin's price would probably be $2000 right now.  But everyone's money is split into a thousand other coins.  And those coins continue to lose value, and they continue to die every day.  And it continues to hurt Bitcoin and crypto in general.

Ethereum raised $18 Million in their pre-sale, and then they held that bitcoin until it was only worth $9 Million.  They lost $9 Million.  Where did that money go?  Nobody got it, but it disappeared.  They lost, but nobody else gained.  And that's what happens to 90% of altcoins, except they never rebound.  Capital destruction led to the Great Depression, and the recent housing market crash, when loans weren't repaid and that money on the books just disappeared.  Coinmarketcap says there's $12 Billion on the markets, including all coins;  how many billions of those dollars are in altcoins that won't survive?  Can the crypto markets afford to lose $1 Billion out of $12 Billion?  I think at least that much will disappear with dying altcoins, and I think it would be enough to ruin the entire industry. 

So half the altcoins just disappear, but the other problem is the ones that keep going, struggling to survive, with people putting more time and money into a losing coin because they already have so much invested in their bags.  With 5 people, a dying coin can limp on forever, taking up room on the markets, trying to get new investors to dump their bags on.  That's why there are 800 coins on Coinmarketcap (after they've already delisted over a thousand).  And out of those 800, you've never heard of about 750 of them. 

So before these altcoins lose all their value, that value can be rescued and transferred into BARR.  Instead of 100 struggling blockchains that barely work, each with 5 users refusing to let go and lose everything, we can give them a way to let go without losing everything.  We can take those 5 users from 100 coins and have 1 coin with 500 users. 

[CryptoDatabase]

Yeah, and a lot of coins depend on 1 person.  But that 1 person will eventually quit no matter what happens.  If he sells his bags, if he swaps to BARR, if he dies, or if he spends the next 10 years dedicated to Biebercoin before he finally gets sick of losing money - the coin will die, one way or another.

As for killing coins to raise the worth of others, it's more than that.  We do want to decrease the overall number of altcoins, but we're preserving the value of the coins we absorb.  So we're not exactly killing them.  Since BARR only comes from burning altcoins, the value of BARR comes from the value of those altcoins.  If you mined Cagecoin for 2 years with a GPU, and then you burn those coins to get BARR, then your GPU earned that BARR for you.  All the work you did (and Proof of Work) survives, because you're basically moving those coins to a new blockchain.

And it's not just to elevate some coins over others - we want to decrease the number of coins so the crypto markets can just survive.  There are only so many people who will put money into crypto, and their money is limited.  When an altcoin dies, that money is destroyed.  It literally destroys capital and takes it out of the crypto ecosystem.  Crypto cannot continue like this, because the money gets spread paper-thin, and then the money just slowly loses its value down to nothing.  It would be like the stock market crashing every month - people would lose their houses, businesses would go under, and the economy would collapse.

 If there were no altcoins, Bitcoin's price would probably be $2000 right now.  But everyone's money is split into a thousand other coins.  And those coins continue to lose value, and they continue to die every day.  And it continues to hurt Bitcoin and crypto in general.

Ethereum raised $18 Million in their pre-sale, and then they held that bitcoin until it was only worth $9 Million.  They lost $9 Million.  Where did that money go?  Nobody got it, but it disappeared.  They lost, but nobody else gained.  And that's what happens to 90% of altcoins, except they never rebound.  Capital destruction led to the Great Depression, and the recent housing market crash, when loans weren't repaid and that money on the books just disappeared.  Coinmarketcap says there's $12 Billion on the markets, including all coins;  how many billions of those dollars are in altcoins that won't survive?  Can the crypto markets afford to lose $1 Billion out of $12 Billion?  I think at least that much will disappear with dying altcoins, and I think it would be enough to ruin the entire industry. 

So half the altcoins just disappear, but the other problem is the ones that keep going, struggling to survive, with people putting more time and money into a losing coin because they already have so much invested in their bags.  With 5 people, a dying coin can limp on forever, taking up room on the markets, trying to get new investors to dump their bags on.  That's why there are 800 coins on Coinmarketcap (after they've already delisted over a thousand).  And out of those 800, you've never heard of about 750 of them. 

So before these altcoins lose all their value, that value can be rescued and transferred into BARR.  Instead of 100 struggling blockchains that barely work, each with 5 users refusing to let go and lose everything, we can give them a way to let go without losing everything.  We can take those 5 users from 100 coins and have 1 coin with 500 users. 

That's the thing though. You are getting BARR, not those you buy coins from they get BTC or LTC or whatever coin you use to buy them with.

Altcoins are 99% of the reason BTC has value. Can you walk into any store where you live and spend BTC? There isn't one store in my entire state that I can walk into and spend it nor is there any in my surrounding states, none that are known that is. Sure I can use it to order stuff online, but that is it.

If it wasn't for the 10,000+ altcoins out there, you are talking to the person who has documented cryptocurrencies for years, BTC would be nearly worthless and only used as another stock option of sorts.

[BARR_Official]

I think it's the opposite, since those altcoins didn't exist until Bitcoin gained value by itself.

[CryptoDatabase]

I think it's the opposite, since those altcoins didn't exist until Bitcoin gained value by itself.

Bitcoin is itself an altcoin.. It was not the first and wasn't the last. E-Cash was the first cryptocurrency created by DigiCash and was actually used by banks. BTC didn't come around until 10 years after E-Cash failed.

Without a use for something it is worthless. Altcoins give BTC more of a use than anything else as you need to obtain the BTC used to buy the altcoins. This is basic economics and should easily be understood by anyone who has gone through high school.

[BARR_Official]

One problem with your theory there is the fact that the altcoins are even more useless than Bitcoin.

Another obvious fact would be that there is $9 Billion worth of Bitcoin and $2 Billion worth of altcoins...so there's no way for altcoins to be the major use for Bitcoin.  There aren't enough altcoins to spend that much Bitcoin on.  Therefore, people are buying Bitcoin mostly for other uses.

[CryptoDatabase]

One problem with your theory there is the fact that the altcoins are even more useless than Bitcoin.

Another obvious fact would be that there is $9 Billion worth of Bitcoin and $2 Billion worth of altcoins...so there's no way for altcoins to be the major use for Bitcoin.  There aren't enough altcoins to spend that much Bitcoin on.  Therefore, people are buying Bitcoin mostly for other uses.

You assume that there is $9B worth of BTC but you don't seem to understand that market caps are not accurate nor are they anywhere close to being accurate. They are an estimated worth, nothing more and have no financial ground to stand on.

For example, someone could sell 0.00000001 BTC for $1 higher than ask price and bang, BTC market cap just increased by $21,000,000. You should choose a different approach instead of using fantasy numbers and trying to use them as fact.

[BARR_Official]

For example, someone could sell 0.00000001 BTC for $1 higher than ask price and bang, BTC market cap just increased by $21,000,000.

Actually it would increase by about $15.8 million, and only if nobody else was buying and selling. 

Would you like me to explain it to you, or do you like being wrong?

[CryptoDatabase]

For example, someone could sell 0.00000001 BTC for $1 higher than ask price and bang, BTC market cap just increased by $21,000,000.

Actually it would increase by about $15.8 million, and only if nobody else was buying and selling.  

Would you like me to explain it to you, or do you like being wrong?

I am not wrong. There is a max total of 21,000,000 BTC, a market cap is the total amount of shares offered by a company * it's value. In this case that company is a piece of property called BTC which offers a total of 21,000,000 shares in all.

Whether this concept is beyond your grasp or not is beside the point. The simple fact of the matter is there are 21,000,000 BTC. Just because someone doesn't own a small portion of them yet doesn't mean they don't exist.

You will not win this, I'm not one of the many ignorant folks who inhabit this forums that eats up other peoples bullshit.

[BARR_Official]

[CryptoDatabase]

Total BTC - 21,000,000
Market Value - $608.1
Market Cap - $12,770,100,000

You can't seem to grasp that there are a total of 21,000,000 BTC, not 15,862,536. Just because a small portion of those 'shares' are not owned right now doesn't mean they don't exist.